Insurance - Page 2

toenheel · 21-04-2016, 08:16 PM

Quote:

Originally Posted by Trawler

So when we change insurance company will classic line send proof of no claims?

I remember I had to send proof to them.

Thats what I'm just emailing them about now.

toenheel · 22-04-2016, 02:34 PM

Right I have some clarity now, basically Classicline will hold your no claims at the amount they were when you joined them, in my case 6 years. As and when I need them they will issue a letter for proof. I've just agreed £666 31 yr old, 56k mile CSL with supersprint and full AP's. Guaranteed value at £55k.

Trawler · 22-04-2016, 06:14 PM

Quote:

Originally Posted by toenheel

Right I have some clarity now, basically Classicline will hold your no claims at the amount they were when you joined them, in my case 6 years. As and when I need them they will issue a letter for proof. I've just agreed £666 31 yr old, 56k mile CSL with supersprint and full AP's. Guaranteed value at £55k.

Still trying to get my head round this. Let's say you stay with Classic Line for 4 years and don't have a claim then if they issue a letter of proof are they going to to state you have not had an accident for 6 or 10 years? If I was obtaining quotes I would tell the insurance company I have 10 years no claims. This would not look good if I changed insurer & Classic Line then issued a letter stating 6.

toenheel · 22-04-2016, 06:30 PM

Quote:

Originally Posted by Trawler

Still trying to get my head round this. Let's say you stay with Classic Line for 4 years and don't have a claim then if they issue a letter of proof are they going to to state you have not had an accident for 6 or 10 years? If I was obtaining quotes I would tell the insurance company I have 10 years no claims. This would not look good if I changed insurer & Classic Line then issued a letter stating 6.

The no claims is not used against the classicline policy just held with classicline so as not to expire seperately. At any point they will issue proof of your no claims if you need to take another policy out elsewhere but it will be for the amount of years that you had when you first contacted them to hold for you.

Yanto · 24-05-2016, 10:00 PM

Tried classic line today. Good quote, but there was another interesting perspective.

I asked about the protected no claims (mine is full) and they had quoted me without taking this into account. I.e no no claims.

I asked they run it again, and the quote was no different, telling me for these types of policies, no claims didn't really matter.

Then I said, what if I decide to move my insurance on from them to another provider at a future point, there was a convuleted explanation around other classic car insurance would prob honour it, but the mainstream firms might not because they have an expectation that a punters no claims bonus is used against their daily, not the car they're insuring with classic line. Now, even though I rarely drive CSL, it's my main insured car. The daily GTi is in wife's name.

So another consideration...depending on your usage and insurance set up with other cars

Yanto · 24-05-2016, 10:05 PM

That's to say, do not insure CSL through these guys if it's your main insured car.

Now I'm gonna have to buy an M2 to transfer my main insurance NCB to

(what I told the missus)...

And run CSL through classic without NCB.

Bounce · 24-05-2016, 10:38 PM

They told me they would hold it until I moved on

Trawler · 24-05-2016, 10:38 PM

Quote:

Originally Posted by Yanto

That's to say, do not insure CSL through these guys if it's your main insured car.

Now I'm gonna have to buy an M2 to transfer my main insurance NCB to

(what I told the missus)...

And run CSL through classic without NCB.

Don't you just love man maths. Brilliant never heard this one before.

Yanto · 25-05-2016, 10:37 PM

Stuck with cci as no time to faff flipping stuff around.

Raised insured value from £35k to £50k (although not guaranteed value)
Added 3 points speeding pinch from last month
Reduced annual mileage from 6K to 4K (still more than I did last year)
Premium compared to last year is down ~30%

Ok I think ?

0836whimper · 26-05-2016, 10:49 AM

There are no universal 'rules' as such for NCD, it's really vague.
I agree with the post above that if it's your main insured car, I wouldn't insure through Classicline as their risk models/policies don't really work in a world of 'building up' NCD. They don't risk model it, or track it.

They have said they will keep proof on file to be passed on to a future insurer, but you are relying on the future insurer to accept it.

(and underneath all this it's just a tick in an electronic box to feed into a machine....)

22-04-2016, 02:34 PM	#12
toenheel S4 - Getting the hang of it Join Date: Jul 2011 Location: Tyne & Wear Posts: 124 Casino cash: $2758	Right I have some clarity now, basically Classicline will hold your no claims at the amount they were when you joined them, in my case 6 years. As and when I need them they will issue a letter for proof. I've just agreed £666 31 yr old, 56k mile CSL with supersprint and full AP's. Guaranteed value at £55k.

24-05-2016, 10:00 PM	#15
Yanto CSL Register Uber-poster! Moon Lander Champion! Ragdoll Master Champion! Join Date: Mar 2009 Location: Docklands, London Posts: 5,931 Casino cash: $40036	Tried classic line today. Good quote, but there was another interesting perspective. I asked about the protected no claims (mine is full) and they had quoted me without taking this into account. I.e no no claims. I asked they run it again, and the quote was no different, telling me for these types of policies, no claims didn't really matter. Then I said, what if I decide to move my insurance on from them to another provider at a future point, there was a convuleted explanation around other classic car insurance would prob honour it, but the mainstream firms might not because they have an expectation that a punters no claims bonus is used against their daily, not the car they're insuring with classic line. Now, even though I rarely drive CSL, it's my main insured car. The daily GTi is in wife's name. So another consideration...depending on your usage and insurance set up with other cars

24-05-2016, 10:05 PM	#16
Yanto CSL Register Uber-poster! Moon Lander Champion! Ragdoll Master Champion! Join Date: Mar 2009 Location: Docklands, London Posts: 5,931 Casino cash: $40036	That's to say, do not insure CSL through these guys if it's your main insured car. Now I'm gonna have to buy an M2 to transfer my main insurance NCB to (what I told the missus)... And run CSL through classic without NCB.

24-05-2016, 10:38 PM	#17
Bounce CSL Register Uber-poster! Join Date: Nov 2009 Location: Cornwall Posts: 7,057 Casino cash: $35793	They told me they would hold it until I moved on

25-05-2016, 10:37 PM	#19
Yanto CSL Register Uber-poster! Moon Lander Champion! Ragdoll Master Champion! Join Date: Mar 2009 Location: Docklands, London Posts: 5,931 Casino cash: $40036	Stuck with cci as no time to faff flipping stuff around. Raised insured value from £35k to £50k (although not guaranteed value) Added 3 points speeding pinch from last month Reduced annual mileage from 6K to 4K (still more than I did last year) Premium compared to last year is down ~30% Ok I think ?

26-05-2016, 10:49 AM	#20
0836whimper S5, Sport Off, DSC M-track Join Date: Apr 2012 Location: Nottingham Posts: 516 Casino cash: $7379	There are no universal 'rules' as such for NCD, it's really vague. I agree with the post above that if it's your main insured car, I wouldn't insure through Classicline as their risk models/policies don't really work in a world of 'building up' NCD. They don't risk model it, or track it. They have said they will keep proof on file to be passed on to a future insurer, but you are relying on the future insurer to accept it. (and underneath all this it's just a tick in an electronic box to feed into a machine....)